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Mortgage Originator Ranks Expand

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The number of bank and non-bank loan originators included in the national registry continued higher in the final three months of 2012. A decline in the number of federally registered originators in Alaska was offset by an increase in state-licensed originators.

As of the end of last year, 513,898 originators were registered in the Nationwide Mortgage Licensing System. Unique originator registrations grew from 505,460 at the end of September 2012.

The most recent total reflected 5,530 mortgage loan originators who were registered in both the state registry and the federal registry.

State-licensed originators made up 120,142 of the Dec. 31 total, expanding from 115,826 as of the end of the third quarter. As of Dec. 31, 2011, the count was 116,991.

Including originators who are licensed in more than one state, the number of total licenses was 258,948 as of the end of last year.

The number of state-registered originators in Hawaii jumped 50.6 percent on an annual basis, more than any other state. Alaska registrations were up 40 percent, while Washington, D.C., was up 27.1 percent, Nevada expanded by 26.8 percent and Oklahoma increased 26.7 percent.

Although licenses issued by the Indiana Secretary of State were down 10.2 percent, registrations for originators licensed through the Indiana Department of Financial Institutions more than made up for the loss with a 16.1 percent increase.

Loan originators employed by financial institutions and registered in the federal database accounted for 399,286 of the Dec. 31, 2012, total, more than the 394,470 as of three months earlier.

The year-end total included 74,868 mortgage loan originators who worked for banks regulated by the Federal Deposit Insurance Corp., 42,830 whose employers are supervised by the Federal Reserve Board and 232,142 working for banks overseen by the Office of the Comptroller of the Currency. Another 47,932 originate for credit unions regulated by the National Credit Union Administration, and 1,514 were originators whose employers are supervised by the Farm Credit Administration.

Delaware saw an 8.2 percent increase from the third quarter in the number of federally registered originators, more than any other state. Wyoming was up 5.1 percent, North Dakota grew by 3.7 percent and Pennsylvania gained 3.4 percent. Idaho rounded out the top-five growth states with a 2.8 percent increase.

Alaska lost 2.4 percent of its registered bank originators, the biggest loss.

Non-banks registered in the state registry expanded to 16,688 unique companies from 16,397 in the previous report. Including licenses in multiple states, company licenses finished last year at 33,872.

Branch registrations rose to 18,819 from the prior quarter’s 18,449.

NMLS reported that 11,052 institutions were registered in the federal registry, more than the 10,907 registered at the end of September.

FDIC-supervised institutions accounted for 4,258 of the latest total, while the Fed regulated 798 of the banks, and 1,836 were OCC-regulated. NCUA-regulated entities numbered 4,099, and FCA-supervised lenders totaled 61.

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